Latin America’s Construction Pipeline is Stalling, Down 4% by Projects YOY
December 4, 2017 12:57pm
December 4, 2017 – PORTSMOUTH, NH – The Total Construction Pipeline in Latin America has 855 Projects/146,307 Rooms, down 4% by projects Year-Over-Year (YOY).
There are 413 Projects/72,070 Rooms Under Construction, up 1% by projects YOY. Rooms Scheduled to Start Construction in the Next 12 Months are at 192 Projects/31,896 Rooms, up 5%, while those in Early Planning are at 250 Projects/42,341 Rooms, down 17% YOY.
The top hotel companies in Latin America’s Construction Pipeline by projects are: AccorHotels with 142 Projects/20,785 Rooms, Marriott International with 92 Projects/15,080 Rooms and Hilton Worldwide with 69 Projects/11,059 Rooms. The largest brands in the Pipeline for each of these companies are: Accor’s Ibis with 54 Projects/7,134 Rooms, Marriott’s full-service hotel with 13 Projects/2,568 Rooms and Hilton Garden Inn with 20 Projects/3,031 Rooms.
The top countries in the Latin America Construction Pipeline are: Brazil with 295 Projects/49,492 Rooms, Mexico with 190 Projects/34,736 Rooms, and Colombia with 72 Projects/10,828 Rooms.Cities in Latin America with the largest pipelines are: Sao Paulo with 28 Projects/5,283 Rooms, Lima with 28 Projects/4,710 Rooms and Campinas with 23 Projects/4,179 Rooms.
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total construction pipeline,
latin america construction pipeline
Lodging Econometrics (LE) is the lodging industry’s leading consulting partner for global real estate intelligence. Combining unparalleled industry experience, a real-time pulse on market trends and extensive knowledge of key decision-makers, LE delivers actionable insights that turn their clients’ business goals into timely opportunities.
Contact: Emily Dennison
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